For investors

Compliance as an output of the engineering process.

Regulated European organisations will customise their own AI models on their own hardware. Under the EU AI Act, many of them become the legally accountable provider of what they build. SPINALIS is the platform that builds those models — and records how each one was made, as it happens.

  • TRL 5 complete
  • Self-funded to date
  • Proprietary, permissive-only stack

01The problem we solve

Making a model is easy now. Proving how it was made is not.

Solved

Building the model

Free tools, one GPU, private data. Nobody needs us for this.

Solved

Running the model

Local runtimes serve it fast. We export to their formats.

Open

Answering “how was it made?”

No tool records it. So the answer is typed up by hand, months later, from memory and email.

Fine-tune a model on your own data and, under Regulation (EU) 2024/1689, you may become the provider of a high-risk AI system. Then these are the questions you have to answer — for every model, for ten years.

What you will be askedWith a trainerWith SPINALIS
What data was it trained on?Data governance reconstructed later recorded at the build, with hashes
Can you rebuild this exact model?Record-keeping rarely seed, dataset hash, environment
How well does it work, and on what test?Accuracy & robustness a number in a slide held-out evaluation, stored with the build
Who checked it, and who approved it?Human oversight an email thread sign-off enforced before deployment
Where is the technical file?Annex IV written by hand afterwards generated from the build record
Is it still behaving as approved?Post-market monitoring nobody checks scheduled revalidation, alerts on drift
Whose rights could it affect?Art. 27 a workshop, if at all assessment drawn from the same record

None of this is a feature of a trainer. It is a property of the process that produced the model — which is what we sell.

02Why now

December 2027

Binding obligations for Annex III high-risk systems apply from December 2027. Procurement in regulated organisations takes 12–24 months — those decisions are being made now.

The data cannot leave

Finance, insurance, defence and public administration may not send proprietary or personal data to third-country cloud AI — by data-protection law, sectoral rules, national security or internal classification.

A sovereign cloud is not the answer on its own

It keeps data in the Union and may satisfy part of financial services. It does not enter an air-gapped network, does not meet a no-egress policy, and does not produce the evidence.

03Product and proof

Built, validated, and shown working end to end.

One installation, the whole lifecycle

Ingest, synthesise, train, verify, sign off, serve and monitor on the customer's hardware. Every stage writes to one append-only, hash-chained audit journal; Annex IV and Article 27 documents are generated from it.

Any ML or AI task, one platform

Language, documents, search over data, vision, speech, tables — without task-specific code. Three unrelated tasks are measured end to end, with their fine print, on the customer page.

TRL 5 complete

Validated in a relevant environment: customer-class hardware, air-gapped, separated roles, human sign-off before deployment and an immutable audit journal.

Execution-grounded verification

Outputs are executed against a governed data snapshot and compared by result, not by textual similarity — the same primitive measures quality, filters synthetic training data and constrains what a deployed endpoint may return.

04Business model

Priced per governed AI system — the unit of regulatory exposure.

A governed AI system is one solution promoted into production under governance: one entry in the register of AI systems an organisation must maintain. GPU count measures computation, which is commoditised; the number of governed systems measures regulatory exposure. Versions, retraining and redundant replicas are not counted.

Price points

€0 · €24,000 · from €90,000 · from €160,000 Community · Pro · Enterprise · Sovereign, per year

First engagements are fixed-price and fixed-scope: one governed model and its complete conformity dossier, delivered inside the customer's perimeter.

Customer economics

€12,000–40,000 manual evidence per system, per year

Producing and maintaining the evidence for one high-risk system takes an estimated 14–28 specialist person-days a year at €900–1,400 per day. With two governed systems Pro costs no more than doing it by hand at the lowest estimate; from three it is cheaper.

05Market

Sized from the bottom up, on one verifiable segment.

  1. 4,633credit institutions in the European Union (European Central Bank, January 2026), joined by insurers supervised under Solvency II — about 6,000 in-scope financial institutions
  2. €270Mannual recurring revenue at a blended contract value of €45,000 — European financial services alone
  3. €54Mserviceable: the estimated 20% that already operate on-premise GPU capacity with a mandate to customise models
  4. €7–11MARR from 150–250 accounts over the five years following deployment

A deliberate lower bound. Not counted: defence and public administration in Europe, the regulated supply chains that inherit the same evidence duties through vendor due diligence, and North America, where model-risk supervision and the NIST AI RMF demand the same properties.

06Competition and moat

Who competes for this budget — and why regulated procurement picks a vendor like this.

Who else the budget can go to Trains models Serves models Evidence from execution Runs air-gapped Accountable vendor
Building it internallythe primary competitor yesyes years of work nobody fundsyesno
Open-source trainers, no-code studiose.g. Unsloth Studio yesyes noyesAGPL, no vendor
AI governance and GRC platformsclosest in purpose nono typed in by peoplevariesyes
Cloud fine-tuning services yesyes nonoyes
Local inference runtimes noyes noyesmixed
SPINALIS yesyes yesyesyes

The one that matters is the first row. A capable bank assembles the training stack in a fortnight. The governance layer — sign-off, tamper-evident audit, lineage, reproducible builds, generated technical files, revalidation — is several engineer-years, shows no visible capability, and is the part that never gets built.

GRC platforms sit above the engineering process and collect assertions typed by people; we sit inside it and derive the artefacts from execution. Compatible, not competing. Local runtimes are complementary too — we export to the formats they serve.

The moat

Procurable where copyleft is not

A proprietary licence under EU law on a permissive-only stack (Apache-2.0, MIT, BSD). Faster copyleft kernels are given up deliberately, so the product clears procurement.

Evidence that compounds

Audit chain, lineage and revalidation history accumulate inside the customer's perimeter for years. Every record exports in open formats — but the continuous, verified history grows with every build.

Offline by construction

Licences verified offline against machine fingerprints, no telemetry, releases carry their own integrity check. Built for air-gapped sites from day one, not retrofitted.

Regulator-agnostic

Swappable profile packs map one engineering record onto a given regime: the EU AI Act first, ISO/IEC 42001 and the NIST AI RMF through the same mechanism.

07Plan

The next 24 months.

  1. M6Three design-partner deployments across finance, insurance, defence and government
  2. M10Signed and attested release chain in production — EV code signing, notarisation, SBOM
  3. M12ISO/IEC 42001 and 27001 certification audit passed
  4. M14Regulatory profile-pack framework released — EU AI Act, ISO/IEC 42001, NIST AI RMF
  5. M18Six deployments with accepted conformity dossiers
  6. M20Conformity dossier validated externally
  7. M2425 paying accounts

Months from project start.

08Team

Two founders, two capabilities.

Building the technology — and selling it into regulated procurement. Clearly separated mandates; strategic decisions need both.

Konstantin Khrimpach

Co-founder · Chief Technology Officer

Senior machine-learning and MLOps engineer, and sole author of the delivered system: the Go control plane and API, the Python training and serving runtime, the web interface, the licensing and anti-tamper subsystem, and the complete governance layer. Previously built an ML platform serving around 400 data scientists and 3,000 production models in financial services at scale.

Owns product, architecture and engineering.

Vladimir Fedyanov, MBA

Co-founder · Chief Operating Officer

Fifteen years building and turning around technology and delivery organisations of up to 600 people, with portfolios above $30M a year. Recovered government and banking programmes; on the founding leadership team of an industrial IoT platform, delivered an on-premise manufacturing execution system at a major oil refinery. Ran enterprise presales and doubled presale-to-contract conversion; recruited around 500 people in two years and set up two engineering offices. Led a cyber-security function; AMBA-accredited MBA.

Owns commercial strategy, delivery, partnerships, operations and P&L.

Self-funded: the entire system was built without institutional capital.

Talk to the founders.

Investor briefings, the technical due-diligence pack and a live walkthrough of the platform on request.